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but that's already the law. and that doesn't help the millions of people out there with preexisting conditions. there is a reason why governor romney set up the plan that he did in massachusetts. it wasn't a government takeover of health care, it was the largest expansion of private insurance, but what it does say is that insurers, you have to take everybody. that also means you have more customers. but when governor romney says he'll replace it with something, but can't detail how it will be, in fact, replaced, and the reason he set up the system he did in massachusetts because there isn't a better way of dealing with the preexisting conditions problem, it reminds me, he says he will close deductions and loopholes for his tax plan. that's how it will be paid for, we don't know the details. he says that he's going to replace dodd-frank, wall street reform, but we don't know exactly which ones, he won't tell us. he now says he'll replace obama care and ensure all the good things in it will be in there and you don
but that's already the law. and that doesn't help the millions of people out there with preexisting conditions. there is a reason why governor romney set up the plan that he did in massachusetts. it wasn't a government takeover of health care, it was the largest expansion of private insurance, but what it does say is that insurers, you have to take everybody. that also means you have more customers. but when governor romney says he'll replace it with something, but can't detail how it will be,...
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Oct 9, 2012
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. >> enterprise law requires a kfc china or walmart china or a wow way to allow for the existence for a communist party committee within the organization. like the other companies, they allow for that existence. the communist party committee doesn't have any interaction with or influence on our business operation. >> both companies continue to insist their equipment is safe and poses no threat to u.s. tell wh telecom structures. joining us is director of global risk analysis for asia pacific. dean, are these concerns the u.s. is raising valid? >> well, i think some of them are. if you looked at the report, there were a number of issues that were raised. ip loss, protection of intellectual property, trading with sanction country including iran, business practices. but really the one underlying all of this explicit or otherwise, implicit, is the security of the actual systems that wow way or zte might be selling in to the united states. and that really comes back to a trust factor and transparency of the organizations themselves. which they've been trying for many years now to improve,
. >> enterprise law requires a kfc china or walmart china or a wow way to allow for the existence for a communist party committee within the organization. like the other companies, they allow for that existence. the communist party committee doesn't have any interaction with or influence on our business operation. >> both companies continue to insist their equipment is safe and poses no threat to u.s. tell wh telecom structures. joining us is director of global risk analysis for...
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Oct 2, 2012
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people want to believe in the rule of law for business. there was a great hope in many of the same 200 business people would say something and he didn't. and people want to hear something that there are changes of a foot. >> which brings us back to that point and whether we'll get anything more this afternoon. >> well, jim is absolutely right. trading at almost 50% it is count to a country like brazil. there is substantial it is count that is the intrinic rush of russia. one of the steps that the government is taking is to really be more open, more transparent. this event with direct access to the heads of the government and there are also several key ministers joining us. it's a way to try to convince capital that of course there are some concerns, but there is also great opportunity for business in russia. conditions and valuations are extremely attractive compared to other bric countries. >> ricardo, thanks for that. jim, thank you, as well. >> thanks for having me on. >> jim o'neill. as far as european stocks are concerned, after good
people want to believe in the rule of law for business. there was a great hope in many of the same 200 business people would say something and he didn't. and people want to hear something that there are changes of a foot. >> which brings us back to that point and whether we'll get anything more this afternoon. >> well, jim is absolutely right. trading at almost 50% it is count to a country like brazil. there is substantial it is count that is the intrinic rush of russia. one of the...
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Oct 5, 2012
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>> the law is the law. the law is that $460 billion is going to have to be cut out of defense. they should be planning for that now, because those cuts are supposed to begin on the first of january. those are facts. facts are stubborn things. since when do we disobey laws because we anticipate changes in the law? i have never heard of such a thing and i think it is outrageous to make that assumption because that's not how government's supposed to work. >> let me turn you, if i could, to the employment report of this morning, senator. i don't know whether you were able to hear the previous conversation -- >> yes. >> -- but jack welch tweeted out this morning that he basically doesn't believe these numbers, the 7.8% unemployment rate and he alleged that those numbers were manipulated by the administration. we just had a republican congressman on who believes the same thing. what's your opinion? what do you make of this number, and given what you see in your own backyard, does it ring true? >> well, i think that it's pretty significant that for the first time in nearly four years
>> the law is the law. the law is that $460 billion is going to have to be cut out of defense. they should be planning for that now, because those cuts are supposed to begin on the first of january. those are facts. facts are stubborn things. since when do we disobey laws because we anticipate changes in the law? i have never heard of such a thing and i think it is outrageous to make that assumption because that's not how government's supposed to work. >> let me turn you, if i...
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some republicans say the white house is bending labor laws for votes. senator john mccain is with us live. we'll talk about that and more with the last time presidential candidate on the gop side and the age old debate wall street bankers are they overpaid and are more cuts ahead. we got that and more top of the hour, jobs. >> sounds great. not often a finance minister is laughed at when tlifrg a speech but that's exactly what happened to spain's finance minister when he told a crowd in london that his country doesn't need a bailout. he was speaking to students at london school of economics and they chuckled at that. nevertheless the euro moving above 1.35 versus u.s. dollar. boris, good to see you. what do you make of the situation with the euro, with merkel going to greece next week, walking in to the lion's den. messy day. >> yes. but i think ultimately what you have to take away from this week is when draghi came out and said don't mess with me. basically there's a coalescing of ideas in the eurozone now around the ont and esm where most of the euro
some republicans say the white house is bending labor laws for votes. senator john mccain is with us live. we'll talk about that and more with the last time presidential candidate on the gop side and the age old debate wall street bankers are they overpaid and are more cuts ahead. we got that and more top of the hour, jobs. >> sounds great. not often a finance minister is laughed at when tlifrg a speech but that's exactly what happened to spain's finance minister when he told a crowd in...
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and a protest has ended in the vatican where he had been demonstrating against eu laws. he stood on one of the window lenls for more than 24 hours. he was complaining against an eu directive which would reform rules to licenses. operators have said the new rules threaten the jobs of some 600,000 resort workers. still to come, we talk shopping ahead of september retail sales data with a guest who says thrift may be the new bling. >>> european markets are trading town. we did see the green at the start of the show, but no longer the ftse down. same for the dax and cac. ibex held unreasonably well but also trading lower now. in the state, futures indicating a positive start to trade. just a few points higher for the s&p and nasdaq, the dow could open up by 30 points or so when trade gets under way there. on the agenda today in the u.s., weekly jobless claims out at 8:30 eastern, forecast to rise by 10,000. 10:00 a.m. brings august factor orders. expected to drop by 6%. at 2:00 the minutes from last month's fed meeting will be released. james bullard is in memphis, tennessee
and a protest has ended in the vatican where he had been demonstrating against eu laws. he stood on one of the window lenls for more than 24 hours. he was complaining against an eu directive which would reform rules to licenses. operators have said the new rules threaten the jobs of some 600,000 resort workers. still to come, we talk shopping ahead of september retail sales data with a guest who says thrift may be the new bling. >>> european markets are trading town. we did see the...
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Oct 2, 2012
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derivatives is a pri, congress passed a law that provided anybody. as a result, we got into the crisis, we had hundreds of trillions of derivatives that were based on these mortgages. how the derivatives performed would be based on how mortgages were performing. and nobody had good information about this market. those are key mistakes rubbermaid leading up to the crisis. -- does for key mistakes that were made leading up to the crisis. the regulators should have stood up to it. the pressure was relentless from the industry. and you still see it now as they tried to implement dodd-frank. tavis: you were a regulator. how much of this crisis had to do with regulators who just got rolled? >> a lot of it did. i have some anecdotes. you cannot win with the industry. not all banks -- there were some banks that are not part of the problem. there are some banks trying to help the reform process. a lot of industry lobbyists to weight -- who were in an irresponsible part of the crisis the fdic was pushing very hard to tighten lending standards for subprime loan
derivatives is a pri, congress passed a law that provided anybody. as a result, we got into the crisis, we had hundreds of trillions of derivatives that were based on these mortgages. how the derivatives performed would be based on how mortgages were performing. and nobody had good information about this market. those are key mistakes rubbermaid leading up to the crisis. -- does for key mistakes that were made leading up to the crisis. the regulators should have stood up to it. the pressure was...
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the reality is, it isn't new laws. it's using the executive branch to legislate by fear or by threat. you don't need a law. in effect the epa is doing stuff all over the place. the nlra is doing stuff that's not sanctioned by any law. it's a political decision and it's extraordinarily negative to our country and our economy. >> "the journal" did you read the lead editorial today how razor thin the obama care vote really was. we know scott brown they had to do reconciliation after he won. gym webb fairly won, al franken sort of harvested the boats to beat norm coleman. those made a difference. evan bayh and jim weber saying we wish we hadn't taken 20% of the economy with no republican votes and legislated the most unpopular bill in history that's still unpopular and really poisoned the whole political atmosphere, at the same time you weren't trying to add jobs. it was almost an impediment to adding jobs. >> using reconciliation process on prapts the most important piece of legislation in the last 20 years, it is basical
the reality is, it isn't new laws. it's using the executive branch to legislate by fear or by threat. you don't need a law. in effect the epa is doing stuff all over the place. the nlra is doing stuff that's not sanctioned by any law. it's a political decision and it's extraordinarily negative to our country and our economy. >> "the journal" did you read the lead editorial today how razor thin the obama care vote really was. we know scott brown they had to do reconciliation...
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then they had to go to an equity law firm. this is encouraging to me. i would think this actual bailout is one that says, we are now past, the pig is much further along. you don't want a python swallowing a pig, but it's going to follow it when it is finished. >> words to live by, jim. words to live by. >> i think about that often, actually. >> we just listened to an incredible hour of television on "squawk box" with zell talking about what he's seen in the economy, talking more about corporate i.t. upgrade cycles. here's what zell said not too long ago. >> nobody wants to make commitment to be on tomorrow. we run a company that does a lot of corporate enterprising installations. and one of their triggers is when the enterprise projects start getting delayed, we are heading for a recession. and that's exactly what you're looking at right now. >> when the enterprise project starts getting delayed, we are heading for a recession. that collides with the calls we are seeing regarding cisco right now. jim, channel checks going on? >> cisco, morgan stanley pu
then they had to go to an equity law firm. this is encouraging to me. i would think this actual bailout is one that says, we are now past, the pig is much further along. you don't want a python swallowing a pig, but it's going to follow it when it is finished. >> words to live by, jim. words to live by. >> i think about that often, actually. >> we just listened to an incredible hour of television on "squawk box" with zell talking about what he's seen in the economy,...
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, to break the laws, whichever law it is. and you have the situation where we are right now. it's not new. this is not caused by the coup. but it has been worse by the coup. [speaking in spanish] >> radio globo is firmly identified with the anti-coup political opposition in honduras. its journalists follow a radical agenda. the on-air talk is of land rights, corruption, and the links between the authorities and violent crime. [speaking in spanish] >> but talk comes at a price. gilda silverstrucci is one of radio globo's presenters, and she's a journalist under threat. [speaking in spanish] [indistinct talking] >> 23 honduran journalists have been murdered since 2010. assassins have also killed lawyers, lesbian and gay campaigners, and political activists. the people's funeral service sees only victims who are poor, its simple humanity providing dignity amidst the violence. [indistinct talking] today, with the help of johnny and the team, ramon orlando varela is being laid in his final resting place. [singing and speaking in s
, to break the laws, whichever law it is. and you have the situation where we are right now. it's not new. this is not caused by the coup. but it has been worse by the coup. [speaking in spanish] >> radio globo is firmly identified with the anti-coup political opposition in honduras. its journalists follow a radical agenda. the on-air talk is of land rights, corruption, and the links between the authorities and violent crime. [speaking in spanish] >> but talk comes at a price. gilda...
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this is again manipulating somehow the laws. now the bank unicredit has actually plea bargained and has paid 265 million euros. the fraud was for 245 million is what these defendants are being accused of. and the bank did it not because they admit to wrongdoing, but because they did say that was just going to be a very long and drawn out case that they didn't want to have to deal with. on so now these defendants, 19 plus profumo. he says there was no wrongdoing and he's waiting with confidence that the justice system takes its course. note just in a few days, he is expected to take on more responsibilities at his new job which is chairman at italy's oldest and most troubled bank. he will expand his duties so he's being closely watched right now. back to you. >> all right. that's the late he is out of the trial in milan. we'll take a short break. still to come, american golfers feeling a little blue after the european stage an amazing comeback in the ryder cup. we'll have more details and we'll be in chicago. we'll have more deta
this is again manipulating somehow the laws. now the bank unicredit has actually plea bargained and has paid 265 million euros. the fraud was for 245 million is what these defendants are being accused of. and the bank did it not because they admit to wrongdoing, but because they did say that was just going to be a very long and drawn out case that they didn't want to have to deal with. on so now these defendants, 19 plus profumo. he says there was no wrongdoing and he's waiting with confidence...
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that's already the law. and that doesn't help the millions of people out there with preexisting conditions. there's a reason why governor romney set up the plan he did in massachusetts. it wasn't a government-take over in health care. it was the largest expansion of private insurance. but what it does say is that insurance you have to take everybody. now, that also means you have more customers. but when governor says he'll replace it with something but can detail how it will be in fact replaced and the reason he set up the system he did in massachusetts because the reason there isn't a better way of dealing with preexisting condition problem. it reminds me of he said he's going to close dededuction and loopholes if are the tax plan. that's how it's going to be paid for. we don't know the details. he said that he's going replace dodd-frank, wall street reform, but we don't know exactly which one. he won't tell us. he now said he's going to brashing and ensure the good things in it are going to be in there, a
that's already the law. and that doesn't help the millions of people out there with preexisting conditions. there's a reason why governor romney set up the plan he did in massachusetts. it wasn't a government-take over in health care. it was the largest expansion of private insurance. but what it does say is that insurance you have to take everybody. now, that also means you have more customers. but when governor says he'll replace it with something but can detail how it will be in fact...
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. >> will be law andered? >> it will be laundered money, exactly. >> simon, what do you think? >> or extend the maturities that is the other possibilities. >> i have heard that this -- they begged for that absolutely right, keep asking and the ecb keeps saying no. >> most people think in the end, the way it is going to happen is through the laundered system through the back door, through the central banks. >> what about spain, michelle some people were posing the question that the greece certain lives the story of the day today with the protests, with ms. merkel going to greece, but spain really is what we need to be focused more on. do you agree with that? >> much bigger, much bigger in size. greece, in the end, is the bigger pictures that we see on television, but when it comes to the actual amount of money, the european union could actually handle that cost. spain is much, much bigger. >> thank you, michelle. simon, over to you. >> also watching, as you will be aware, sue, apple, very closely today. shares officially in correction territory, down 10% from the record high we
. >> will be law andered? >> it will be laundered money, exactly. >> simon, what do you think? >> or extend the maturities that is the other possibilities. >> i have heard that this -- they begged for that absolutely right, keep asking and the ecb keeps saying no. >> most people think in the end, the way it is going to happen is through the laundered system through the back door, through the central banks. >> what about spain, michelle some people were...
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. >>> a guy on the tracks, armed with some rocks, the confrontation with the law that brought the rush hour commute to a screeching halt. >> initially i thought the cough was bronchitis. >> cleaner isn't always better. how it's making some people sick. >>> good evening. i'm dana king. >> and i'm ken bastida. jobs, taxes, health care. and big bird? yes, the first presidential debate is in the books. the consensus was that mitt romney desperately needed a strong showing. and as grace lee shows us, he pretty much delivered. >> reporter: the polls show that the former governor knocked it out of the park. 500 uncommitted voters asked who won this debate. 46% said it was romney. only 20% said the president was the victor for the night. the man who has been fighting to show that he relates to the average american this whole election cycle, 56% of those polled say they had a better opinion of the former governor now. what started out as cordial quickly became heated. >> governor romney's proposal that he's been promoting for 18 months calls for a $5 million tax cut. and he is saying that he is
. >>> a guy on the tracks, armed with some rocks, the confrontation with the law that brought the rush hour commute to a screeching halt. >> initially i thought the cough was bronchitis. >> cleaner isn't always better. how it's making some people sick. >>> good evening. i'm dana king. >> and i'm ken bastida. jobs, taxes, health care. and big bird? yes, the first presidential debate is in the books. the consensus was that mitt romney desperately needed a...
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laws in wisconsin, south carolina and texas and they have done it again. >> if you are pennsylvania voter you will not have to show a photo i.d. this election. a judge ruled against the measure for now saying he didn't believe there was adequate time for voters to easily get a photo i.d. before november 6th. >> stephen: that is ridiculous. they will have their i.d.s by november 6th if they go to the dmv now. but folks, as bad as this is-- (cheers and applause) as bad as this is, there is a silver lining to this story. because according to the ruling, election officials can still ask for photo i.d.s, they just can't prevent people from voting if they don't have it. this could still work. asking for the i.d. is now meaningless but we're still allowed the consolation prize of harassing voters for no reason. and if we just add some other intimidation tactics i think we can make the wrong kind of voters so uncomfortable, they'll just turn around and go home. i say we start with a cavity search. you're free to vote but first you have to let us pull back your curtain and take a few yanks on that
laws in wisconsin, south carolina and texas and they have done it again. >> if you are pennsylvania voter you will not have to show a photo i.d. this election. a judge ruled against the measure for now saying he didn't believe there was adequate time for voters to easily get a photo i.d. before november 6th. >> stephen: that is ridiculous. they will have their i.d.s by november 6th if they go to the dmv now. but folks, as bad as this is-- (cheers and applause) as bad as this is,...
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that is already the law. that does not help millions of people out there with pre- existing conditions. there is a reason why governor mitt romney said of the plan he did in the massachusetts. it was the largest expansion of private insurance. what it does say is insurers -- you have to take everybody. that also means -- when gov. romney says he will replace it with something but cannot detail how it will be replaced -- and the reason he said of the system he did in massachusetts is because there is not a better way of dealing with pre-existing conditions. it just reminds me -- he says he will close deductions and loopholes for his tax plan. we do not know the details. he says that he is going to replace dodd-frank, wall street reform, but we do not know exactly which ones. he will not tell us. he now says he will replace obamacare and insurer as all the good things and it will be in there and you do not have to worry. at some point the american people have to ask themselves, is the reason gov. romney is keep
that is already the law. that does not help millions of people out there with pre- existing conditions. there is a reason why governor mitt romney said of the plan he did in the massachusetts. it was the largest expansion of private insurance. what it does say is insurers -- you have to take everybody. that also means -- when gov. romney says he will replace it with something but cannot detail how it will be replaced -- and the reason he said of the system he did in massachusetts is because...
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that's explicitly prohibited in the law. but let's go back to what governor romney indicated, that under his plan he would be able to cover people with pre-existing conditions. well, actually, governor, that isn't what your plan does. what your plan does is to duplicate what's already the law, which says if you are out of health insurance for three months then you can end up getting continuous coverage and insurance company can't deny you if it's been under 90 days. but that's already the law, and that doesn't help the millions of people out there with pre-existing conditions. there's a reason why governor romney set up the plan that he did in massachusetts. it wasn't a government takeover of health care. it was the largest expansion of private insurance. but what it does say is that insurers, you've got to take everybody. now, that also means that you've got more customers. but when governor romney says that he'll replace it with something but can't detail how it will be in fact replaced and the reason he set uphe system he
that's explicitly prohibited in the law. but let's go back to what governor romney indicated, that under his plan he would be able to cover people with pre-existing conditions. well, actually, governor, that isn't what your plan does. what your plan does is to duplicate what's already the law, which says if you are out of health insurance for three months then you can end up getting continuous coverage and insurance company can't deny you if it's been under 90 days. but that's already the law,...